Brett price has bounced back in the past few days, becoming one of the best-performing cryptocurrencies in the industry. The $BRETT token rose to $0.16 on Friday, 36% above its lowest point this month.
BRETT integrations continue
Brett, the biggest meme coin on the Base blockchain, has been a top performer this year as it jumped by over 605% from its lowest point in May. This surge has pushed its market cap to over $1.5 billion, making it the seventh biggest meme coin in the industry after Dogecoin, Shiba Inu, Pepe, Dogwifhat, Bonk, and Floki.
Brett has done well because it pioneered the concept of meme coins on Base, the blockchain started by the Coinbase exchange. This is in line with the performance of Shiba Inu, which was one of the first Ethereum meme coin, and Bonk, a pioneer in the Solana ecosystem.
Brett has also soared because of increased integrations. It has already been added in the Seamless Protocol, the biggest lending and borrowing protocol on the Base blockchain.
On Thursday, Brett was added in SuperEX, a leading crypto exchange. Before that, it was added in exchanges like Bitget, BingX, KuCoin, and Gate.io.
Still, the main challenge with Brett is that the price is rising in a low-volume environment. Data by CoinMarketCap shows that the 24-hour volume for the token was about $53 million, which is small for a crypto token with a $1.57 billion valuation. In contrast, Floki had $291 million while Vook of Meme had $206 million.
Brett price forecast
The daily chart shows that the BRETT token price has bounced back after bottoming at $0.1170 on June 18th. It has moved above the 25-day Exponential Moving Average (EMA), meaning that bulls are in control.
However, oscillators like the Relative Strength Index (RSI) and the MACD have formed a bearish divergence pattern. In most cases, this is one of the most bearish signs in the market.
Therefore, more Brett upside will be confirmed if the token moves above the crucial resistance level at $0.1700, its highest level this week. If this happens, the BRETT token will then rise to the all-time high of $0.1958.
On the flip side, a drop below the 25-day moving average at $0.14 will point to more downside as it will mean that there are more sellers in the market.
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